Yahoo Finance Zumiez President of International Acquires 21% More Stock
Investors who take an interest in Zumiez Inc. (NASDAQ:ZUMZ) should definitely note that the President of International, Adam Ellis, recently paid US$14.31 per share to buy US$143k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 21%.
View our latest analysis for Zumiez
Zumiez Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when CEO & Director Richard Brooks bought US$1.0m worth of shares at a price of US$13.57 per share. That implies that an insider found the current price of US$14.79 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Zumiez share holders is that insiders were buying at near the current price.
Happily, we note that in the last year insiders paid US$1.4m for 99.93k shares. On the other hand they divested 40.00k shares, for US$742k. In total, Zumiez insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Zumiez is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 20% of Zumiez shares, worth about US$56m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Zumiez Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Zumiez we think they are probably pretty confident of a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Zumiez.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
